Rally Back to False Breakout Area 140.90, which is also the 78.6% Retracement from previous move, looking for a big rejection here, suggested Stop around 141.3 with downside target of 139.10.
Looking on a move Higher following continued bounces along support zones. ~ Looking for a retest of TL Coupled with Aussie Weakness Followed by a big move lower long term.
Price is camped out on the big round number of 1.6000 ~ We are also at the 127% extension, Divergent RSI and former open Institutional positions closed ~ Looking for a bounce here as liquidity picks up in the markets.
Aussie is overextended across the board, here we are looking at massive RSI Divergence, Breakdown out of an ascending wedge, throwover line, and a push into an IPA area to close out positioning before heading lower, this has all the makeups of a great trade!
Currently in a position here, looking for rallies to sell ~ AN is losing it's steam and I think we will see another retracement lower now that we are back in side Trendline ~ Couple that with the Blow Off Top Rally in AUDUSD and this could pan out as a very nice trade if we see some incoming Aussie weakness
Staying Short AU as long as we remain below the 87% Fibo and Former Highs, trading the Throwover Line Back inside the Channel
We've made a nice Liquidity Pool here, with Price Retesting Previous Lows, Looking for one Push lower and then a move back to 1890 ~ That is IFFFFF this liquidity Pool holds. Look for Stop Hunts around 1872.50
Looking for lower prices here at the 78.6% on NZDCAD ~ Price Keeps retesting and rejecting .9120 ~ EMA RSI Cross on the Wilder's RSI...
Looking for the Kiwi to continue to lose strength following it's recent Beast rally ~ Breakdown from ascending wedge, continuation following a retest of the 50MA
Looking for a Retest of the IT Area at the 87% Fibonacci Level, Divergent RSI ~ And if you look at CADCHF on Weekly/Monthly Timeframes we are at some all time lows